How much money do I need for a 1 million condo

When purchasing a new launch condo priced at $1 million, here is a breakdown of the typical payment schedule and fees:

1) Exercising the Option / Paying the Booking Fee:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash

2) Buyer's Stamp Duty (BSD):
- Amount: $24,600
- Payment Mode: Cash/CPF

3) Downpayment:
- Amount: $150,000 (15% of $1 million)
- Payment Mode: Cash/CPF

4) Legal Fees:
- Amount: ~$3,500
- Payment Mode: Cash/CPF

5) Valuation Fee:
- Amount: ~$400
- Payment Mode: Cash/CPF

Next are the construction milestones:

6) Foundation of Work:
- Amount: $100,000 (10% of $1 million)
- Payment Mode: Cash and/or bank loan

7) Reinforced Concrete Framework:
- Amount: $100,000 (10% of $1 million)
- Payment Mode: Cash and/or bank loan

8) Brick Walls of Unit:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash and/or bank loan

9) Ceiling of Unit:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash and/or bank loan

10) Door and Window Frames, Wiring, Internal Plastering and Plumbing:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash and/or bank loan

11) Car Park, Roads and Drains Serving the Project:
- Amount: $50,000 (5% of $1 million)
- Payment Mode: Cash and/or bank loan

Lastly, the completion milestones:

12) Notice of Vacant Possession (TOP Date):
- Amount: $250,000 (25% of $1 million)
- Payment Mode: Cash and/or bank loan

13) Legal Completion (CSC Date):
- Amount: $150,000 (15% of $1 million)
- Payment Mode: Cash and/or bank loan

In total, you would need approximately $1,028,500, considering the above fees and payments.